KHD Humboldt Wedag International AG posts virtually unchanged EBIT margin despite fall in revenue
- Global economic crisis is felt
- Revenue down but EBIT margin remains satisfactory at 7.5%
- Constructive cooperation with AVIC leads to first projects
- Order intake expected to increase in 2012, but revenue and EBIT likely to fall
Cologne, Germany – March 30, 2012: KHD Humboldt Wedag International AG (KHD), one of the world’s leading suppliers of equipment and services for the cement industry, published its 2011 Group Annual Report today. Group revenue fell from € 286.9 million to € 234.6 million, largely as a result of delayed projects. Nevertheless, KHD succeeded in maintaining a virtually unchanged EBIT margin of 7.5% (previous year: 8.7%). The Management Board expects that operating conditions will remain difficult in the markets relevant for KHD in 2012. Nevertheless, it forecasts a rise in order intake. However, the Company does not expect to match its 2011 EBIT margin and revenue in the current financial year.
KHD is a global leader for providing equipment and services to cement producers with over 150 years of experience in the cement industry. Process engineering and project management are among the core competencies of the technology-focused group. KHD offers a wide spectrum of products and services for the cement industry and is a leader in environmentally friendly and energy-efficient products for the grinding and pyro processing sections of the plants. The holding company KHD Humboldt Wedag International AG, based in Cologne, Germany, coordinates its internationally operating subsidiaries. The group employs more than 750 employees worldwide, including customer service centers in growing markets like India, Russia and the Asia Pacific region. KHD Humboldt Wedag International AG (ISIN: DE0006578008, WKN: 657800) is listed on the Frankfurt stock exchange (General Standard). More information: www.khd.com.
KHD Humboldt Wedag International AG
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